Redwood Shores, Ca., USA - September 19, 2014, Redwood Shores, Ca., USA - Oracle announced that it has elected Larry Ellison to the position of executive chairman of Oracle's board and appointed him the company's chief technology officer.
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Mr. Ellison has been CEO of Oracle Corporation since he founded the company in 1977.
Jeff Henley, who has served as Oracle's Chairman for the last 10 years, was appointed Oracle's Vice Chairman of the Board.
Mr. Henley was Oracle's Chief Financial Officer and an Executive Vice President from March 1991 to July 2004, and he has been a member of Oracle's Board of Directors since June 1995. He also serves on Oracle's Executive Management Committee.
Prior to joining Oracle in 1991, Mr.Henley served as Executive Vice President and Chief Financial Officer at Pacific Holding Company, a privately held company with diversified interests in manufacturing and real estate, and as Executive Vice President and Chief Financial Officer at Saga Corporation, a food service company. He also served as Director of Finance at Memorex Corporation in its large storage division, and as Controller of International Operations at Fairchild Camera and Instrument Corporation.
He is also a member of the Board of Directors of Digital Consumer Solutions Inc., which operates a digital-out-of home signage network for retail advertisers, and serves on the Advisory Board of InTouch Technologies, a provider of remote presence solutions for healthcare providers.
Mr. Henley has a BA in economics from the University of California at Santa Barbara and an MBA in finance from UCLA. In 2004, he received the UCLA Anderson School's Outstanding Alumnus award.
The Oracle Board also promoted both Safra Catz and Mark Hurd to the position of CEO, Oracle Corporation.
Ms. Catz has been President of Oracle Corporation since January 2004, a member of the Board of Directors since October 2001, and Chief Financial Officer as of April 2011.
She first served as Oracle's Chief Financial Officer from November 2005 to September 2008, as Executive Vice President from November 1999 to January 2004, and as Senior Vice President from April 1999 to October 1999. In May 2008, Ms. Catz was also appointed to a three-year term as member of the Board of Directors for HSBC Holdings plc.
Mr. Hurd joined Oracle in 2010, bringing more than 30 years of technology industry leadership, computer hardware expertise, and executive management experience to his role with the company. Mr. Hurd is also a member of the Board of Regents at Baylor University.
Before joining Oracle, he served as Chairman of the Board, Chief Executive Officer, and President of HP, where his focus on customers, innovation, improved operational efficiency, and execution led to significant company growth. ■